USD to PGK Exchange Rate - Convert US Dollar to Papua New Guinea Kina

Converting from US Dollar (USD) to Papua New Guinea Kina (PGK)

What is US Dollar (USD)

The US Dollar (USD) is the official currency of the United States and one of the most widely used currencies in the world. It is recognized globally and serves as the primary currency for international trade and finance. The dollar is divided into 100 smaller units called cents. The symbol for the US dollar is $, and it is often denoted by the ISO code USD.

The US dollar has a significant impact on global markets due to its status as the world's primary reserve currency. Many countries hold USD as part of their foreign exchange reserves, making it highly valuable. The strength of the US economy, interest rates set by the Federal Reserve, and other economic indicators can influence the dollar's exchange rate with other currencies.

What is Papua New Guinea Kina (PGK)

The Papua New Guinea Kina (PGK) is the official currency of Papua New Guinea (PNG), an island nation located in the southwestern Pacific Ocean. The Kina is subdivided into 100 toea. Introduced in 1975, the Kina replaced the Australian dollar, which was previously used in PNG.

The PGK is denoted by the symbol K and the ISO code PGK. While the Kina is not as well-known as the US dollar, it plays a crucial role in Papua New Guinea’s economy. The country primarily relies on agriculture, mining, and emissions trading, which can affect the value of the Kina. Due to these factors, the exchange rate of the PGK may fluctuate frequently based on local economic performance and international demand for the country’s resources.

Converting USD to PGK

When converting from US Dollars to Papua New Guinea Kina, it is essential to know that exchange rates vary daily based on market conditions. Generally, you can check current rates through financial websites, currency converters, or banks.

To illustrate, suppose the current exchange rate is 1 USD = 3.50 PGK. If you wanted to convert 100 USD into PGK, you would calculate the following:

100 USD × 3.50 PGK/USD = 350 PGK

This simple multiplication shows how you can easily convert currencies using the exchange rate.

Conclusion

Understanding the conversion from USD to PGK can help individuals and businesses engaging in transactions involving Papua New Guinea. While the US dollar remains a dominant global currency, familiarity with the Kina is crucial for anyone looking to navigate the economy in Papua New Guinea. Always make sure to check current exchange rates for accurate conversions and potential banking fees that may apply when making transactions.

US Dollar to Papua New Guinea Kina conversion table

USD to PGK conversion table

US Dollar (USD)Papua New Guinea Kina (PGK)
1 USD4.03874467261 PGK
2 USD8.07748934522 PGK
3 USD12.11623401782 PGK
4 USD16.15497869043 PGK
5 USD20.19372336304 PGK
6 USD24.23246803564 PGK
7 USD28.27121270825 PGK
8 USD32.30995738086 PGK
9 USD36.34870205347 PGK
10 USD40.38744672608 PGK
100 USD403.87446726075 PGK
200 USD807.7489345215 PGK
300 USD1 211.62340178225 PGK
400 USD1 615.497869043 PGK
500 USD2 019.37233630375 PGK
600 USD2 423.2468035645 PGK
700 USD2 827.12127082525 PGK
800 USD3 230.995738086 PGK
900 USD3 634.87020534675 PGK
1 000 USD4 038.7446726075 PGK
2 000 USD8 077.489345215 PGK
5 000 USD20 193.7233630375 PGK
10 000 USD40 387.446726075 PGK
20 000 USD80 774.89345215 PGK
50 000 USD201 937.233630375 PGK
100 000 USD403 874.46726075 PGK
Last updated February 12, 2025 at 05:55 AM